Elkfork Partners LLC cut its position in Hub Group Inc (NASDAQ:HUBG) by 5.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,346 shares of the transportation company’s stock after selling 136 shares during the period. Elkfork Partners LLC’s holdings in Hub Group were worth $109,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its stake in Hub Group by 10.2% in the third quarter. New York State Common Retirement Fund now owns 44,179 shares of the transportation company’s stock worth $1,801,000 after buying an additional 4,090 shares in the last quarter. Rhumbline Advisers boosted its stake in Hub Group by 4.8% in the third quarter. Rhumbline Advisers now owns 49,118 shares of the transportation company’s stock worth $2,002,000 after buying an additional 2,260 shares in the last quarter. California State Teachers Retirement System boosted its stake in Hub Group by 1.0% in the third quarter. California State Teachers Retirement System now owns 71,014 shares of the transportation company’s stock worth $2,895,000 after buying an additional 700 shares in the last quarter. Mairs & Power INC boosted its stake in Hub Group by 13.5% in the third quarter. Mairs & Power INC now owns 175,450 shares of the transportation company’s stock worth $7,151,000 after buying an additional 20,900 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in Hub Group by 0.6% in the third quarter. HighTower Advisors LLC now owns 33,620 shares of the transportation company’s stock worth $1,371,000 after buying an additional 212 shares in the last quarter. Institutional investors and hedge funds own 94.59% of the company’s stock.
Hub Group Inc (NASDAQ:HUBG) opened at 34.15 on Thursday. The firm’s 50 day moving average price is $38.79 and its 200-day moving average price is $43.89. Hub Group Inc has a 52 week low of $33.45 and a 52 week high of $52.50. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 17.05 and a beta of 1.21.
Hub Group (NASDAQ:HUBG) last issued its earnings results on Wednesday, April 26th. The transportation company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.01. Hub Group had a net margin of 2.09% and a return on equity of 12.55%. The firm had revenue of $893.45 million during the quarter, compared to the consensus estimate of $891.96 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The business’s quarterly revenue was up 10.9% on a year-over-year basis. Analysts expect that Hub Group Inc will post $1.67 EPS for the current year.
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A number of equities research analysts recently weighed in on HUBG shares. Cowen and Company upped their price target on Hub Group from $41.00 to $48.00 and gave the stock a “market perform” rating in a report on Friday, February 3rd. Zacks Investment Research upgraded Hub Group from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Wednesday, February 8th. Seaport Global Securities began coverage on Hub Group in a report on Wednesday, February 15th. They set a “buy” rating on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $44.00 target price (down previously from $51.00) on shares of Hub Group in a report on Friday, April 14th. Finally, TheStreet cut Hub Group from a “b” rating to a “c+” rating in a report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Hub Group has an average rating of “Hold” and an average price target of $43.50.
About Hub Group
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).
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